Inter-Cooperative Council At The University Of Michigan

Organization Overview

Inter-Cooperative Council At The University Of Michigan, operating under the name Defined Contribution Retirement, is located in Ann Arbor, MI. The organization was established in 1948. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 04/2022, Defined Contribution Retirement employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Defined Contribution Retirement is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 04/2022, Defined Contribution Retirement generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.6m during the year ending 04/2022. While expenses have increased by 1.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE SOCIAL AND GENERAL WELFARE OF THE COMMUNITY BY OFFERING LOW-RENT HOUSING TO ALL UNIVERSITY STUDENTS, REGARDLESS OF RACE, CREED, COLOR OR NATIONAL ORIGIN AND THUS INFLUENCE THE COMMUNITY TO ELIMINATE PREJUDICE AND DISCRIMINATION IN HOUSING; TO ADVANCE THE CAUSE OF EDUCATION BY PROVIDING INEXPENSIVE BOARD AND LODGING FOR UNIVERSITY STUDENTS WITH LIMITED RESOURCES, SO THAT THOSE WHO MIGHT NOT OTHERWISE BE ABLE TO CONTINUE AT THE UNIVERSITY BECAUSE OF ECONOMIC NEED, MAY ENJOY THE FRUITS AND THE BENEFITS OF HIGHER EDUCATION; TO RELIEVE THE GOVERNMENT OF THE STATE OF MICHIGAN FROM THE BURDEN OF BUILDING AND OPERATING STATE OWNED DORMITORIES BY CREATING HOUSING FACILITIES FOR STUDENTS AT LOW COST ON A COOPERATIVE BASIS; AND TO CONTINUALLY EXPAND AND EXTEND THOSE FACILITIES IN THE COMMUNITY INTEREST; AND TO INITIATE, COORDINATE, DIRECT AND OTHERWISE PARTICIPATE IN EDUCATIONAL EFFORTS AND PROGRAMS FOR THE EDUCATION OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED AN AFFORDABLE LIVING COMMUNITY IN WHICH EQUAL AND EDUCATED MEMBERS WORK TOGETHER TO FURTHER THE COOPERATIVE MOVEMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Nick Coquillard
General Manager
$76,122
Bryant Hepp
President
$0
Samuel Limerick
Treasuer
$0
Antonina Nedoss
Secretary
$0
Ever O'donnell
Director
$0
Kimlan Pham
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Alliance Home Improvement And Painting L
Maintenance
$304,130
Temperature Techs Mechanical Services
Maintenance
$153,393
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $179,900
All other contributions, gifts, grants, and similar amounts not included above$1,947
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$181,847
Total Program Service Revenue$3,277,812
Investment income $18,685
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,478,855

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Inter-Cooperative Council At The University Of Michigan has recieved totaling $32,051.

Awarding OrganizationAmount
Michigan Student Assembly Of The University Of Michigan

Ann Arbor, MI

PURPOSE: Supplement ICC operating budget resources impacted by COVID

$32,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$51
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$825,573
Earnings-$42,843
Admin Expense$10,057
Ending Balance$772,673

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